Sentences with phrase «operating as a sole proprietor»

It is important to know that when you operate as a sole proprietor, your personal assets may be at risk if your company gets sued.

While business credit card applications will ask for your company's Employer Identification Number (EIN), you won't have one if you are operating as a sole proprietor.

This fictitious name may need to be registered in the state even if the breeder is operating as a sole proprietor and not a corporation.

If you're operating as a sole proprietor or an LLC and creating ordinary income from operations (i.e. sales of services or products), all of your net income will be subject to FICA / SE tax.

As I see it, his exposure in this circumstance is the same as the landlord operating as a sole proprietor.

Not exact matches

My business is not registered as a corporate entity though, I operate as a sole - proprietor.

If you operate a business as a sole proprietor, you must attach a Schedule C to separately report your business earnings and deductions.

(We're assuming you operate as an unincorporated sole proprietor reporting your business earnings to the IRS on Schedule C.

You may need a DBA to operate your business under a unique name as a sole proprietor, partnership or corporation.

If you do choose to operate as a sole trade a.k.a. a sole proprietor, it is usually still possible to register a «trade name» for the business colloquially called a «dba» for «doing business as», for the business.

There really is no tax difference between operating individually, as a sole proprietor (same thing) and as an LLC.